Marsh & McLennan Companies, Inc. (NYSE:MMC – Free Report) – Analysts at Zacks Research upped their FY2023 earnings per share (EPS) estimates for shares of Marsh & McLennan Companies in a research note issued on Thursday, November 2nd. Zacks Research analyst D. Chatterjee now expects that the financial services provider will post earnings of $7.84 per share for the year, up from their prior forecast of $7.65. The consensus estimate for Marsh & McLennan Companies’ current full-year earnings is $7.93 per share. Zacks Research also issued estimates for Marsh & McLennan Companies’ Q2 2024 earnings at $2.39 EPS, FY2024 earnings at $8.74 EPS, Q1 2025 earnings at $2.60 EPS, Q2 2025 earnings at $2.42 EPS and Q3 2025 earnings at $2.02 EPS.
Marsh & McLennan Companies (NYSE:MMC – Get Free Report) last posted its earnings results on Thursday, October 19th. The financial services provider reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.18. Marsh & McLennan Companies had a return on equity of 34.01% and a net margin of 15.61%. The business had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same period in the previous year, the business earned $1.18 EPS. The business’s quarterly revenue was up 12.8% on a year-over-year basis.
Check Out Our Latest Analysis on Marsh & McLennan Companies
Marsh & McLennan Companies Stock Performance
Shares of MMC stock opened at $193.93 on Friday. The stock has a market capitalization of $95.62 billion, a PE ratio of 27.94, a price-to-earnings-growth ratio of 2.21 and a beta of 0.97. Marsh & McLennan Companies has a 52-week low of $151.86 and a 52-week high of $199.20. The stock’s 50-day moving average price is $192.85 and its 200 day moving average price is $186.67. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.02.
Institutional Investors Weigh In On Marsh & McLennan Companies
A number of hedge funds have recently made changes to their positions in the business. OFI Invest Asset Management acquired a new position in shares of Marsh & McLennan Companies during the third quarter valued at approximately $28,000. Ridgewood Investments LLC purchased a new position in Marsh & McLennan Companies during the 1st quarter worth approximately $32,000. RVW Wealth LLC purchased a new position in Marsh & McLennan Companies during the 3rd quarter worth approximately $32,000. Jones Financial Companies Lllp grew its position in Marsh & McLennan Companies by 40.5% during the 2nd quarter. Jones Financial Companies Lllp now owns 184 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 53 shares in the last quarter. Finally, Capital Advisors Ltd. LLC purchased a new position in Marsh & McLennan Companies during the 2nd quarter worth approximately $36,000. Institutional investors own 86.64% of the company’s stock.
Insiders Place Their Bets
In other Marsh & McLennan Companies news, Director Oscar Fanjul sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $194.90, for a total value of $584,700.00. Following the transaction, the director now owns 63,012 shares of the company’s stock, valued at $12,281,038.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.
Marsh & McLennan Companies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Friday, October 6th will be issued a $0.71 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $2.84 dividend on an annualized basis and a yield of 1.46%. Marsh & McLennan Companies’s dividend payout ratio is currently 40.92%.
About Marsh & McLennan Companies
Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions; and insurance program management services.
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